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PIC Eligiblity

Under the PIC+ scheme, from YA 2015 to YA 2018, qualifying SMEs that invest in the six qualifying activities under the PIC scheme can enjoy 400% tax deductions/allowances on an additional $200,000 in expenditure for each qualifying activity per YA.

This brings the expenditure cap for qualifying SMEs from $400,000 to $600,000 per qualifying activity per YA.

Qualifying SMEs

Businesses eligible for the PIC+ scheme are sole-proprietorships, partnerships and companies carrying on a trade or business and whose (a) revenue is not more than $100 million or (b) employment size is not more than 200 employees. This criterion will be applied at the group level if the business is part of a group.





If you are unsure if your business eligible for PIC bonus, drop us your contact through our contact form and we will get back to you in less than 24 Hours.




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